The creditors committee for Keydata Investment Services, the collapsed
financial services company has been announced.
Dan Schwarzmann and Mark Batten, the joint administrators from
PricewaterhouseCoopers said thecreditors committee consists of:
HM Revenue and Customs, Credit Suisse, and Peter Magowan, founder of the
Keydata Victims Support Group. The other two committee members are Geoff
Hartnell and John Joseph two independent financial advisers.
The news comes after the taxman vetoed a PwC proposal to withold tax on
repayments to people holding stocks and shares ISAs. The plan would have seen
money returned quicker, but the creditors would be required to get in touch with
the taxman about any tax payments or repayments.
HMRC warned any such move could see the administrators held personally
Schwarzmann said: ‘I am grateful to the members of the creditors committee
for putting themselves forward and I look forward to discussing some complex
strategic issues with them.
‘Furthermore, I will invite further parties to attend the meetings if I
believe this would be beneficial to investors.’
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children